The inter bank indebtedness is settled at the 

The inter bank indebtedness is settled at the 

  • A.
    clearing house
  • B.
    money market
  • C.
    discount house
  • D.
    stock exchange
Correct Answer: Option A
Explanation

A clearing house is an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable

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